Hurricane Season

Underwriting conditions in other classes remain positive.
October 01, 2004

RNS announcement
1st October 2004

BRIT INSURANCE HOLDINGS PLC ('Brit')
Hurricane Season

Following one of the most active hurricane seasons ever recorded the market will sustain material losses from hurricanes Charley, Frances, Ivan and Jeanne and typhoon Songda.
We have reviewed the overall impact of these losses on our current trading and estimate that pre-tax profits for the full year will be reduced by £35 million.
Underwriting conditions in other classes remain positive. We expect new business opportunities and a firmer rating environment as a consequence of these events.
On 7 September, Brit announced record interim pre-tax profits of £52.5 million.

Contacts:
Brit Insurance Holdings PLC
Neil Eckert, Chief Executive Officer
Tel: 020 7984 8500
Haggie Financial
David Haggie. Peter Rigby
Tel: 020 7417 8989

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Hurricane Season

Underwriting conditions in other classes remain positive. October 01, 2004

Underwriting conditions in other classes remain positive.
October 01, 2004